potadahead

potadahead

Levels to watch. Possible inverse H&S in play when wedge breaks out. Trade what you see

potadahead

Dear guys n gals, Don't bother to invest in Ethereum (or other altcoins) when the ETH vs BTC pair is looking bearish like it currently does. Although the ETHUSD pair might go up, this is just correlated with the price action of Bitcoin. Like previous week when BTC starts selling off, the volatility of the sell-off noticeable in ETHUSD is even heavier due to the...

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Vitalik does not want his coin to close below 0.0246 BTC. That would be DOOM scenario for Ethereum. Black: ETHUSD Blue: ETHBTC Orange: BTCUSD Vertical lines indicate 0.0246 BTC interaction. Red bar: strong support/resistance area Upward curving above this level: heavily bullish Downward curving above this level: can be bullish depending on BTC Anything below...

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Wait for the bounce, then short the corn

potadahead Updated 

Unfortunately, BTC was unable to close above 6500 yesterday and revisited the trendline indicated in blue. This retracement is fortunately above the 6450 level, and hopefully, it will remain above there - no need for panic yet. Indicators show a hidden bullish divergence, which can be a sign for a normal retracement. Retracement is also close to the 0.618 based...

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Coinbase chart configuration Would you like to know where our Bitcoin interacts with the ancient long-term linear trend line on your Coinbase charts? Then drop these coordinates in a configuration for a Ray: Price 1: 146.65, Bar # -864 Price 2: 889.73, Bar # -286 It's about to happen (late November/early December). Logarithmic. Based on the swing low of 19...

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TRX making good bullish attempts, displaying an adam/eve pattern with a target around 420. I'm not taking the bait as a BTC move is just around the corner. An outbreak in any direction of this might lead to lower prices of TRX, possibly a retest of the bottom or an additional correction.

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I am flat. I quit trading this impossible range of BTC where a lot of chopping is done. Almost lost my fingers here, long squeeze after short squeeze. We are just being toyed around by the market makers and the mex (made me to consider to do future trading on Dutch derivatives platform "Deribit" as well. Arthur just lost another customer). However, Bitcoin...

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As I closed my previous TRX trade, I'm now eyeing the blue area for a possible reversal. Patience is key here! The blue range resides around the 0.886 retracement, and acted as a strong demand zone for the greater part after the ATH correction. A couple of key areas here as well; the top of the blue box is the weekly close, and on the bottom is the monthly...

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Description in the chart. TV wouldn't allow me to write in here due to my bad English I guess! Not financial advice. Good luck

potadahead Updated 

Hi all, Previously, I posted a bullish analysis on XVG where a regular bullish divergence could be seen on the 4hr and 1hr chart. Along with the descending wedge, I assumed a reversal would be possible, and reaching newer highs. I went long on the breakout, but soon realized that oscillators did not validate the price action. Although a bullish divergence was...

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Hi all, When analysing the BTC chart today, I found a weird coincidence where I would like to know something more about. As you all know, much of the trading targets are determined with the golden ratio 0.618 or the extended 1.618. Now when I calculated the extended selling target from the most recent bottom in BTC, the 1.618 extended gave me 11748 USD as a...

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All alts are looking pretty good since BTC is picking up bullish momentum again. XVGBTC here on the 4hr scale shows clear regular bullish divergence on the 4-hr in compliance with the RSI, which has also touched the 30 level (oversold) on the daily RSI since its big rally in mid March '18. Additionally, current price movement downwards finds itself in a...

potadahead Updated 

Dear all, Just spotted this hidden bearish divergence on the 4-hr RSI before the big hyped TRX will pump up on the 5th wave. Could retrace further to 0.5 or 0.618 fib level before taking off! Good luck! Maurits

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Bonjour à tous, Ascending wedge pattern spotted in Bitcoin! - I just posted the same idea as this one, but the drawing was a little bit, eh childish. The drawings have now been replaced by professional rectangles! Beware, it is super professional. Here I demonstrate two targets that comply with a bearish scenario, however one is more bear-like than the...

potadahead Updated 

Bonjour à tous, Ascending wedge pattern spotted in Bitcoin! Here I drew two possible bearish scenarios, as I am not convinced that BTC will pick up momentum from this level, yet. Scenario 1 - the yellow line - can take us when breaking out of the wedge to the 6000 USD level, where there was previous support. Possibly, prices could go up from here. Should...

potadahead Updated 

Hi all, This will be my first trading idea publish on TV. I am pleased to give you my own interpretation of the current BTC/USD situation, which should be quite obvious at first sight. However, I am situated in a big learning curve, so please bear in mind my amateur skill of charting. The following is based on my own interpretation of the charts with the help of...